August inflation: blame energy

<p><strong>Yesterday&rsquo;s inflation printed at 3.7%, a second month of rising prices</strong>&nbsp;which was widely expected due to cuts in the global oil supply. The table below presents US Consumer Price Index, CPI, for August</p> <p><img alt="" src="https://miro.medium.com/v2/resize:fit:700/1*zfFVMHpIHpJt5AsvXRdVsg.jpeg" style="height:389px; width:700px" /></p> <p>We see the&nbsp;<strong>Transportation Services and Shelter sectors came in very hot,</strong>&nbsp;increasing 10.3% Year on Year (YoY) and 7.3% YoY respectively.&nbsp;<strong>Food printed only slightly higher</strong>&nbsp;<strong>than the overall CPI&nbsp;</strong>at 4.3% YoY. And encouragingly we see&nbsp;<strong>five other sectors printing below the headline CPI number.</strong>&nbsp;But what drove Transportation Services inflation so high? The table below presents this sector into its three components</p> <p><img alt="" src="https://miro.medium.com/v2/resize:fit:700/1*5vTP1liugQ3yq4nYR_GKyQ.jpeg" style="height:312px; width:700px" /></p> <p>Where we see&nbsp;<strong>the biggest contributor was a 19.1% YoY increase in motor vehicle insurance.</strong>&nbsp;While there are many theories explaining this jump</p> <p><a href="https://medium.datadriveninvestor.com/august-inflation-blame-energy-4c09ca45c8ed"><strong>Website</strong></a></p>
Tags: Energy